Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock (y) from the prime interest rate in percent (x). LinRed y=a+bx a = 2.39562641 b=0.37929688 2= 0.4130321711 r=0.64267579 Part: 0/ 3 Part 1 of 3 Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers). Regression line equation: y =
Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock (y) from the prime interest rate in percent (x). LinRed y=a+bx a = 2.39562641 b=0.37929688 2= 0.4130321711 r=0.64267579 Part: 0/ 3 Part 1 of 3 Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers). Regression line equation: y =
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...
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Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain
stock (y) from the prime interest rate in percent (x).
LinReg
y=a+bx
a = 2.39562641
do
b=0.37929688
2=0.4130321711
r=0.64267579
Part: 0 /3
Part 1 of 3
Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers).
Regression line equation: y =
Part 2 of 3
What is the correlation between the interest rate and the yield of the stock?
The correlation coefficient is
Part: 2 /3
Part 3 of 3
Predict the price when the prime interest rate is 6%. Round the answer to at least four decimal places.
When the prime interest rate is 6%, the price is predicted to be](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb638d4ce-58b8-4bb0-994a-0b8913b75013%2Ff12a5bc0-c9d5-4143-9f53-7b7ba9367157%2Flzco0hi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Espan
Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain
stock (y) from the prime interest rate in percent (x).
LinReg
y=a+bx
a = 2.39562641
do
b=0.37929688
2=0.4130321711
r=0.64267579
Part: 0 /3
Part 1 of 3
Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers).
Regression line equation: y =
Part 2 of 3
What is the correlation between the interest rate and the yield of the stock?
The correlation coefficient is
Part: 2 /3
Part 3 of 3
Predict the price when the prime interest rate is 6%. Round the answer to at least four decimal places.
When the prime interest rate is 6%, the price is predicted to be
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